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SiriusXM is an American broadcasting company headquartered in Midtown Manhattan, New York City that provides satellite radio and online radio services operating in the United States. It was formed by the 2008 merger of Sirius Satellite Radio and XM Satellite Radio, merging them into SiriusXM Radio. The company also has a minor interest in Sirius XM Canada, an affiliate company that provides Sirius and XM service in Canada. At the end of 2013, Sirius XM reorganized their corporate structure, which made Sirius XM Radio Inc. a direct, wholly owned subsidiary of Sirius XM Holdings, Inc.
The U.S. Federal Communications Commission (FCC) approved the merger of XM Satellite Radio and Sirius Satellite Radio, Inc. on July 29, 2008, 17 months after the companies first proposed it. The merger created a company with 18.5 million subscribers, and the deal was valued at $3.3 billion, not including debt. In Q2 2017, Sirius XM had about 32 million subscribers. The proposed merger was opposed by those who felt it would create a monopoly. Sirius and XM argued that a merger was the only way that satellite radio could survive.
About Sirius XM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in the U.S., and the premier programmer and platform for subscription- and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM and Pandora together reach more than 100 million people each month with their audio products.
SiriusXM is the home of Howard Stern’s two exclusive channels. Its commercial-free, curated music channels represent many decades and genres, from rock, to pop, country, hip hop, classical, Latin, electronic dance, jazz, heavy metal and more. SiriusXM’s programming includes news from respected national outlets, and a broad range of in-depth talk, comedy and entertainment. SiriusXM is the ultimate destination for sports fans, offering listeners live games, events, news, analysis and opinion for all major professional sports, fulltime channels for top college sports conferences, and programming that covers other sports such as auto sports, golf, soccer, and more.
SiriusXM comes installed in new vehicles from every major automaker in the U.S. and is available in a fast-growing number of pre-owned vehicles. Subscribers can also stream SiriusXM content on the SiriusXM app and at home on a wide variety of connected devices and speakers. The SiriusXM app delivers multiple additional streaming-only features like SiriusXM’s Personalized Stations Powered by Pandora, SiriusXM video, more than 100 Xtra Music channels, and 10,000 hours of on demand content.
Pandora is the largest ad-supported audio entertainment streaming service in the U.S. Pandora provides consumers a uniquely-personalized music and podcast listening experience with its proprietary Music Genome Project® and Podcast Genome Project® technology. Pandora is also the leading digital audio advertising platform in the U.S. Through its own Pandora service, its AdsWizz platform, and third party services, such as SoundCloud, the Company connects brands to the largest ad-supported streaming audio marketplace in the country. Pandora is available through its mobile app, the web, and integrations with more than 2,000 connected products. For more on Pandora click here: https://www.pandora.com/.
In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers and directly to consumers through aftermarket devices. SiriusXM’s Connected Vehicle Services unit provides customers access to a suite of safety, security and convenience services including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation. SiriusXM provides premium traffic, weather, data and information services for subscribers through SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic® and Nav Weather™. SiriusXM also delivers weather, data and information services to aircraft and boats through SiriusXM Aviation™ and SiriusXM Marine™.
SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada.